Canada

October 3, 2022 @ 2:01 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) recently announced insider trading charges against two Canadian software engineers who reportedly “made $1.6 million by trading ahead of non-public, market-moving financial information.” According to the SEC’s complaint, from at least May 2018 to July 2021, Harpreet Saini… Read More

October 1, 2022 @ 3:17 pm By Omar Faridi  |  

Uplinq Financial Technologies – which claims to be the first global credit assessment and scoring platform for SMB lenders – announced the addition of Daniel Moore to its advisory board, where he will “help guide Uplinq’s strategic direction.” Moore previously “served as Chief Risk Officer… Read More

September 27, 2022 @ 7:42 pm By Omar Faridi  |  

Visa (NYSE: V), one of the world’s leaders in digital payments, has announced its participation in the Canadian expansion of instant transfers, Square‘s solution for rapid merchant settlement. Square’s instant transfers are “enabled by Visa Direct, a VisaNet processing capability helping transform global money movement… Read More

September 27, 2022 @ 4:27 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced the expansion of its relationship with Amazon to Canada, bringing “increased payment flexibility and transparency to customers shopping on Amazon.ca.” This payment option will be “available during checkout to all… Read More

September 23, 2022 @ 11:54 am By JD Alois  |  

Coinsquare, a Canadian crypto exchange that is the oldest digital asset firm in the country, has agreed to acquire CoinSmart – a crypto marketplace that is registered with the Ontario Securities Commission. The combination of the two firms will create the largest crypto exchange in… Read More

September 23, 2022 @ 9:34 am By JD Alois  |  

DealMaker, a crowdfunding company based in Canada but providing services across the US, has been named the 3rd fastest growing company in Canada – reporting a huge 500% rate of growth. While based in Toronto, DealMaker reports 124 employees with a presence in both the… Read More

September 21, 2022 @ 3:16 pm By JD Alois  |  

Open banking firm MX has announced the availability of a new product and new implementation partners that are said to “bolster” the MX platform. MX has revealed a new mobile banking SDK for companies to build their own mobile banking apps. MX noted that it… Read More

September 20, 2022 @ 10:25 am By JD Alois  |  

Prime Trust, a longtime bulwark in the securities crowdfunding sector that has moved decisively into the digital asset industry, is exiting its Fund America business – an operation that started during the early days of crowdfunding in the US. The decision has been made due… Read More

September 19, 2022 @ 8:49 pm By JD Alois  |  

The OurCrowd Portfolio Index Fund, or OC50, has listed on the NEO Connect, part of the NEO Exchange in Canada. Trading under ticker OCVII, the OC50 Fund is a diversified portfolio of private firms that have raised capital on OurCrowd, a leading global online investment… Read More

September 12, 2022 @ 11:17 pm By Omar Faridi  |  

Canadian Fintech companies saw US$810 million in total investment “across 85 deals in the first half of 2022, down from US$1.9 billion in the second half of 2021.” This, according to an update from KPMG. It was also a notable drop “compared to the first… Read More

September 11, 2022 @ 5:55 pm By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins (Netcoins.ca), the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell and understand cryptocurrency, and Blockchain Intelligence Group (blockchaingroup.io), a developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased to… Read More

September 11, 2022 @ 5:07 pm By Omar Faridi  |  

Apex Group Ltd., a global financial services provider, announced the acquisition of Prometa Fund Support Services Inc., a Canada based provider of fund services. Prometa delivers fund services to clients in Canada, the United States, and Bermuda, “including Hedge Funds, LSVCCs and Mortgage Investment Corporations.”… Read More

September 7, 2022 @ 11:37 am By Omar Faridi  |  

Cboe Global Markets, Inc. (Cboe: CBOE), a provider of global market infrastructure and tradable products, announced the launch on September 12 of the Cboe One Canada Feed, a new real-time market data solution that “provides high-quality Canadian equities reference quote and trade information.” Through a… Read More

September 6, 2022 @ 3:44 pm By JD Alois  |  

Top Latin American crypto exchange Bitso is collaborating with Africhange, an African-Canadian remittance platform that aims to enable payments cross-border from Canada to Mexico. According to a corporate statement, Africhange first focused on transfers between Canada and Nigeria – having processed around CAD 70 million…. Read More

September 2, 2022 @ 8:21 am By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins, the online cryptocurrency brokerage that claims to make it easy for Canadians to buy, sell, and understand cryptocurrency, and Blockchain Intelligence Group, a developer of blockchain technology solutions, is reporting Q2 2022 financial results. All figures… Read More

August 30, 2022 @ 7:17 pm By Omar Faridi  |  

To help clients save time, increase convenience and remove barriers to sending and receiving funds abroad, CIBC announced the expansion of its Global Money Transfer (GMT) service “to include cash pick up through MoneyGram, a global leader in the evolution of digital P2P payments, enabling… Read More

August 21, 2022 @ 6:27 pm By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins (Netcoins.ca), the online cryptocurrency brokerage that makes it “easy” for Canadians to buy, sell, and understand cryptocurrency, and owner of Blockchain Intelligence Group (blockchaingroup.io), a developer of blockchain technology search, risk-scoring and data analytics solutions, is… Read More

August 17, 2022 @ 2:44 pm By Omar Faridi  |  

Scotiabank recently announced the launch of Scotia TranXactTM – a digital payments platform that “provides business banking clients with on-demand access to Scotiabank’s payments and cash management Application Programming Interfaces (APIs).” With Scotia TranXact business banking clients now “have access to real-time payments, request-to-pay and… Read More

August 12, 2022 @ 10:23 pm By Omar Faridi  |  

Visa (NYSE: V) announced that Visa tap to pay will officially “arrive on GO Transit, and has launched on the UP Express, making it easier to travel on transit by offering riders a contactless payment option with their Visa credit card or payment-enabled device (e.g…. Read More

August 9, 2022 @ 11:48 am By JD Alois  |  

Starting next month, Dealmaker, an online investment platform, will seek to engage investors in the US and Canada to back firms raising capital that are based in the UK. Dealmaker claims that it is the “only platform now built for international capital market raises.” UK… Read More